Kirkland Lake Gold Ltd. T.KL

FVille grade (30.3 g/t) vs 39.5 g/t last quarter and 41 g/t

[PulpCutter]

in Q3 2019.  That's the lowest FVille grade since Q1 2019. Swan zone depletion is well underway, and with it, KL's super-low AISC.  KL made up for it with a big expansion in FVille tonnage; 168k tonnes vs 123k tonnes last quarter.

Note also the 'unfortunate typo': Macassa shaft #4 was due for completion in late 2022 (see previous MD&A's to confirm), so if it is "one month ahead of schedule" as yesterday's press release says, completion will be in 2022, not 2020.

[Harmoniica]

I hadnt caught the FV grade. You are correct. H

[Harmoniica]

Macassa production was a shiitshow. H

[PulpCutter]

Macassa, and the rest of KL's Kirkland Lake/Teck property package, will increase production substantially when shaft #4 comes on-line.  That volume between the Main & Amalgamated Breaks, heading back east, looks to contain an ocean of 15-20 g/t seams. Makuch has made a couple big bets quite wisely IMO ($320M on shaft #4, and 1/3rd of the company on Detour).   But in the

[prouditalian]

stick to Kirkland and Barrick for the longer term...Dividend increases coming your way in both. My other holdings are Polymetal, Impala and Anglo American Platinum FYI. All pay divs.

[goldstd69]

I avoid Barrick...just a history of horrible environmental and political issues in third world countries...from PNG to S America to Africa...I know, new management, but still these issues have tainted things for me...good thing Barrick has Newmont to lean on in Nevada...jmho

[Harmoniica]

I dont. H